To learn the actual value of a property, as individual inquiries from different media are not producing an accurate value. Your property could be worth more or less than the figures from previous inquiries;
To learn the value in case of sale;
To manage dividing or inheritance affairs;
For mortgage as a loan insurance;
For tax matters;
For yearly statement of fair market value of enterprise assets, as assigned by accounting standards.
Appraising
dictionary
Check the meaning of the most used words in appraising profession.
Appraising dictionary